Mexico keeps sending more and more oil to Cuba despite U.S. sanctions

From our Bureau of Latrine American Behavior with some assistance from our Bureau of Senile Presidents and Useless Sanctions

AMLO and his Mexican government loves Castro, Inc. so much that it keeps sending oil to it. Not a little bit, but a lot. In the first quarter of 2024, the amount of oil sent was worth 200 million US dollars. Whether this is an outright gift or sold at discount on credit makes no difference. If it was sold on credit, Mexico will never get paid. Whether AMLO’s successor Claudia Sheinbaum will continue giving away oil after she takes office on October 1st remains to be seen, but it is highly likely that she will do so, or perhaps increase the amount being sent in order to keep Cuba’s brutal dictatorship in power.

Meanwhile, the U.S. government is choosing to ignore this issue. The White House has much more important things on which to focus, such as making sure Jar-Jar Biden takes his medications on time and Cackling Kamala stays away from microphones and cameras as White House staff re-invent her radical leftist profile try to erase traces of all of the shockingly woke policies she has been championing up until now.

Loosely translated from Marti Noticias

Mexico increased its crude oil exports to Cuba this year despite U.S. economic sanctions, in a politically driven decision, experts told the newspaper El Universal.

Shipments in the first quarter of the year, carried out through Petróleos Mexicanos S.A (Pemex) subsidiary Gasolinas Bienestar, included 21,800 barrels of crude oil per day, a 30% increase from the 16,800 barrels sent to the island between July and December 2023, according to the report.

Mexico also exported 3,600 barrels per day of gasoline and other petroleum products to Cuba, a 9% increase compared to 2023, the report adds.

The Mexican newspaper cites a report that Pemex submitted to the U.S. Securities and Exchange Commission (SEC), detailing that the shipments of oil and its derivatives through Gasolinas Bienestar reached a “total amount of 3.3 billion pesos,” equivalent to about 200 million dollars.

The document explains that sales of Gasolinas Bienestar are conducted “under contracts denominated in pesos at prevailing market rates.” Pemex stated in the report that it has “established procedures to ensure that these sales are conducted in accordance with applicable law.”

Following the significant shipments of oil to Cuba in 2023, it appeared that Mexico had halted the supply of crude oil and its derivatives to the communist-governed island this year. “It hasn’t done so this year,” emphasized a Reuters report dated March 31 regarding the arrival of 90,000 metric tons of Russian oil in Havana.

However, shipments continued, according to recent statements by Jorge Piñón, an expert in Cuban infrastructure and energy supply, on the program Las Noticias como Son on Martí Noticias.

“We’ve seen three shipments this month coming from the port of Pajaritos. There’s a shipment from the Ocean Mariner, from the Tampico refinery, which seems to be diesel. We haven’t actually seen Russian crude; they must be hiding it very well. And the shipment of Venezuelan oil has also decreased,” said the expert.

In May of this year, another Reuters report citing a Pemex filing with the SEC noted that the Mexican state-owned company stated that its subsidiary Gasolinas Bienestar acquires crude oil and petroleum products from some of its affiliates to “export” them to Cuba.

Pemex said in the report that between July and December 2023, Gasolinas Bienestar exported 16,800 barrels of oil per day and 3,300 barrels of derivatives, amounting to 6.3 billion pesos (372 million dollars).

Continue reading HERE in Spanish